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BBY

Goldman Sachs analyst Kate McShane has upgraded Best Buy Co., Inc (NYSE:BBY) to Buy from Neutral, raising the price target to $85 from $79. McShane sees potential for a positive demand inflection to drive upside for Best Buy, primarily through multiple expansions. The analyst believes the company’s current valuation is not considering this potential inflection and is most likely factoring in broader concerns regarding consumer health and potential near-term demand headwinds.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2023 | 4:17 pm

WBUY

Trading of Webuy Global shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:17 pm

TTD

Trade Desk Inc.'s (NASDAQ:TTD) stock has increased by 1.44% over the past month and by 34.92% over the past year. The company's P/E ratio of 295.27 is higher than the Media industry's aggregate P/E ratio of 107.03, indicating that the stock might be overvalued. However, a high P/E ratio could also suggest that investors expect the company to perform better in the future.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 4:15 pm

F

GM

TSLA

Tesla Inc (NASDAQ:TSLA) reported Q3 financial results that missed analysts' estimates for revenue and earnings per share. Analysts from Evercore, Roth MKM, Morgan Stanley, Guggenheim, Oppenheimer, Needham, Wedbush, GLJ Research, and Bank of America provided their ratings and price targets for Tesla. The analysts expressed concerns about Tesla's gross margins, pricing, competition, and the impact of macroeconomic factors. Tesla's shares are down 8.62% to $221.77.

Portfolio Pulse from Chris Katje

October 19, 2023 | 4:12 pm

GPC

Genuine Parts Company reported lower than expected Q3 revenue results and issued FY23 guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:07 pm

WBUY

Trading of Webuy Global shares has been halted due to a circuit breaker being triggered on the downside.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:07 pm

FCX

Freeport-McMoRan Inc (NYSE:FCX) reported a Q3 FY23 revenue growth of 16.4% YoY to $5.82 billion, beating the consensus of $5.41 billion. Adjusted EPS was 39 cents, beating the consensus of 34 cents. The company saw increases in copper and molybdenum sales, but a decrease in gold sales. Operating income increased by 55.1% YoY to $1.49 billion, and margin expanded by 640 bps to 25.6%. The company expects operating cash flows of ~$5.4 billion in FY23 and capital expenditures to be ~$4.8 billion.

Portfolio Pulse from Akanksha Bakshi

October 19, 2023 | 4:06 pm

WBUY

Trading of Webuy Global shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:06 pm

MAN

ManpowerGroup's Q3 FY23 results show a decline in revenues and gross profit, with revenues missing analyst consensus. The company attributes this to challenging North American and European operating environments and a weaker U.S. dollar. Despite beating analyst consensus on adjusted EPS, the company's Q4 EPS outlook is lower than expected. This has led to a 4.21% drop in share price.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2023 | 4:05 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) has filed a preliminary proxy statement to the SEC for a special stockholders' meeting to effect a reverse stock split. The purpose of the reverse stock split is to regain compliance with the Nasdaq minimum bid price listing rule. Shares of MULN are down on heavy trading volume following the announcement.

Portfolio Pulse from Erica Kollmann

October 19, 2023 | 4:05 pm